Overview

The Ministry for Finance and Employment has launched the following grant scheme, that will reimburse eligible expenditure that is incurred by the applicant related to the restoration and finishing of privately owned residential properties within Urban Conservation Areas (UCAs), properties that have been built for more than 20 years and have been vacant for more than seven years, and new properties that are developed in conformity with approved criteria as defined by the established guidelines and approved by the Board appointed by the Minister responsible for finance.

What you'll get

Between the 12th of October 2021 and the 31st of December 2024, eligible applicants may apply twice on each property for a grant of 18% on the costs of restoration and finishing up to an aggregate maximum of €54,000 for each property.

In cases where an applicant intends to apply for the grant on more than one property, a separate application for each property must be submitted by the applicant for each property being applied for.

Eligibility

The applicant must be a Maltese resident, who is 18 years or over on the date of application, and officially recognised as being the owner of a private residential Urban Conservation Area (UCA) property, or the owner of a private residential property that has been built for more than 20 years and has been vacant for more than seven years, or the owner of a new private residential property developed in conformity with approved criteria as defined by the established guidelines and approved by the Board.

This grant applies for those who are going to buy or already have these types of properties and wish to restore and finish these properties, which work of restoration have been carried out from or after 12 October 2021.

A property that benefits from the grant cannot be divided, whereby the number of residential units will remain the same. If the property subsequently re-developed into separate residential units, the applicant will have to refund the full amount of the grant paid to them under this Grant.

How to apply

Fill in the online form and submit.
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